Dennis Hollier

Is the Hiatus to the Net Worth Sweep a Flimflam?

October 10, 2019

Analyst Richard Bove thinks the new net worth sweep agreement is just a gimmick because the liquidation preference on Treasury’s preferred stock will offset any increase in the GSEs’ capital buffers.

Freddie Single-Family Chief David Lowman Sets Departure Date

October 8, 2019

Dennis Hollier

Departing GSE executive David Lowman: “With over six years at Freddie Mac, I want to take advantage of opportunities presented by the rapidly evolving mortgage finance marketplace and its adjacent industries."

Is This the End of the Net Worth Sweep? Not Quite

October 4, 2019

Dennis Hollier

Fannie and Freddie will be able to retain all their second-quarter profits, rather than forward them to Treasury. Combined, the GSEs will add $5.2 billion to their net worth this month.

Repo Turmoil Casts Doubt on Move from LIBOR to SOFR

October 4, 2019

Dennis Hollier

SOFR-linked debt is vulnerable to much higher rate volatility than those referencing LIBOR. This risk was highlighted last month when surging repo rates sent SOFR briefly to a record 5.25%.

GSE Roundup

October 4, 2019

Dennis Hollier

Freddie elects former SEC Commissioner Kathleen Casey to the board; Fannie executes sixth credit insurance risk transfer deal of 2019.

GSE Shareholders Appeal ‘Win’ to Supreme Court

October 4, 2019

Dennis Hollier

The shareholders want the SCOTUS to reverse the sweep. They argue that if the FHFA is unconstitutional, then all of its actions were illegal.

FHFA Settles Watt Sexual Harassment Case

October 4, 2019

Dennis Hollier

The agency reached a settlement with Simone Grimes, who had accused her former boss, then-FHFA Director Mel Watt, of sexual harassment.

Climate Change Increases Credit Risk for GSEs

October 4, 2019

Dennis Hollier

After a billion-dollar event, lenders are significantly more likely to increase the share of mortgages they securitize.

Should the Fed Have a Role in GSE Reform?

October 4, 2019

Dennis Hollier

FHFA’s Calabria said capital rules for Fannie and Freddie don’t take place in a vacuum; they influence other financial decisions as well.

REITs Once Again Eye Membership in FHLB System

October 4, 2019

Dennis Hollier

REITs have long sought access to the FHLB system — particularly to the low rates at the advance window. The recent Treasury recommendation may finally give those aspirations new hope.

Dennis Hollier

ARTICLES

Is the Hiatus to the Net Worth Sweep a Flimflam?

Freddie Single-Family Chief David Lowman Sets Departure Date

Is This the End of the Net Worth Sweep? Not Quite

Repo Turmoil Casts Doubt on Move from LIBOR to SOFR

GSE Roundup

GSE Shareholders Appeal ‘Win’ to Supreme Court

FHFA Settles Watt Sexual Harassment Case

Climate Change Increases Credit Risk for GSEs

Should the Fed Have a Role in GSE Reform?

REITs Once Again Eye Membership in FHLB System

Latest Imf News

Non-Agency MBS Issuance Hits Post-Crisis High in 1Q

ECOA Final Rule From CFPB Unchanged Following Proposal

AGNC Takes Loss in First Quarter With Agency MBS Volatility

NTEU Opposes Rushed Review of CFPB Layoff Plan

Featured Data

GSE Deliveries Weaken in First Quarter of 2026

GSE Lenders Stretch Credit Envelope in First Quarter

Bank Sales of Mortgages Rise to 2022 Level at End of 2025

Structured Finance Market Keeps Momentum Going

Featured Reports

GSE Repurchase Activity: Cumulative Through Fourth Quarter 2025 (PDF Format)

Mortgage Profitability Report 4Q25 (PDF)

Agency Channel Analysis: 4Q25 (PDF)

Mortgage Servicing Rights Report: 4Q25 (PDF)

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?